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Iran Urges Consensus on Using Oil as Weapon

Xinhuanet 2002-04-03 03:17:34
   TEHRAN, April 2 (Xinhuanet) -- Iranian Foreign Minister Kamal
Kharazi on Tuesday urged the Islamic countries to reach consensus
on whether to use oil as a weapon, the official IRNA news agency
reported.
   Speaking on the sidelines of the Organization of the Islamic
Conference (OIC) special session on terrorism in Malaysia's Kuala
Lumpur, Kharazi was quoted as saying that he believes "the Islamic
world has enough instruments to use."
   Reacting to Iraq's call on Monday on Arab states to use oil as a
weapon to punish countries supporting Israel and to halt the
Israeli aggressions against Palestinians, the Iranian minister said
that "if they decide to use oil as a weapon, it would be very
effective."
   The call could give rise to another soar in oil prices, which
rose to their highest level in six months Monday due to traders'
fears that tension in the Middle East could disrupt supplies. 
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